Fed Policy Gets Thrust into Presidential Race

But history shows it's better to keep monetary policy out of politics.

Not since William Jennings Bryan said "you shall not crucify mankind on a cross of gold" in 1896 has U.S. monetary policy been so explicitly injected in a presidential campaign.

In an interview Thursday with Fox Business News presumptive Republican presidential nominee Mitt Romney declared not only his preference for a new Federal Reserve chairman to replace Ben Bernanke should he be elected, but he also took an unusually...